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Author Topic: POS- Proof of streaming  (Read 34 times)
SwayStar123
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June 08, 2018, 03:46:05 PM
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Original post is - https://bitcointalk.org/index.php?topic=4437916.0 i thought it is not right place so im reposting here, if im wrong to do so please tell me i will lock the thread Smiley

This is a completely rough idea, wondering if its possible to implement it (with some changes obviously)

Proof of Streaming- Instead of having miners compete for most hashes per second, we have streamers compete for most viewers (calculated by percentage) and the longer they stream the more chance they have of being chosen to confirm the block (age)
I will list the similarities between pos and post here-

Number of coins - Number of viewers
Age - Length of stream
Stakers - Streamers

The viewers cant be botted because every viewer will be confirmed with their own public key (itll make it harder atleast) and ofcourse the people caught botting will be banned and to prevent people from livestreaming 24/7 and gaining a huge age the age for the length of the stream will be reset every 24 hrs, it will be calculated as such -

(time now) - (time started stream at) = Age for stream (the length of the stream wont be affected)

All will be calculated in greenwhich time to avoid confusion

What do you think? Are there any flaws? Any new possibilities?
Im a newbie for the techinical side of things, i only know how it works in basic and not in complete detail  so forgive me if i sounded dumb this entire time  Tongue

Some questions i got-
You have an excellent imagination, why not? Because everything was possible on this earth, right?

But still, I haven't seen any superiority of this compared to Proof of Stake. What content would show? it may need more resource to load any digital file on those process (that doesn't make your PoS version more straightforward than the real PoS)

In one week we begin to feel bored to watch, then finally we left it (let streaming played and unwatched). And also network needs an ongoing basis confirmation process, so we can't limit online time. Correct me if I misunderstand your concept!

Its supposed to be a blockchain based streaming service, which pays people to stream (not including donations and stuff) by electing them to mine the block by stake in viewers (not coins) pretty similar to pos but using viewers instead of coins

I hope this answers some of your questions

just haven't found some advantages of your idea compared to the current system that already exists. Just it!  Cheesy

Supposed to be incentive for streamers to stream on our platform and to help them make it their full time job, further securing the blochchain

SwayStar123#7508 (discord)
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